All Forum Posts by: Kelsey Crouch

I'm a Realtor and investor here in Austin, TX. Being a woman Realtor is easy, being a woman investor is....not. 

I am starting to find motivated sellers (most have already had unpleasant conversations with other investors). What would be the best thing to say to not come off as a “shark” investor. I have empathy and really want my deals to be a win-win for everyone! Does anyone have a good script that converts well? Thanks everyone!

@Danny Mak

Hey Danny! Realtor here 👋

I would say the most important thing is: Did you get the feeling he could meet your needs and perform to your standards? Do you get along? Is he knowledgeable?

The document that he wants you to sign is a buyers agreement...it just solidifies a professional relationship, and ensures he can be paid if he shows you a property that you end up purchasing. It doesn’t bind you to only 1 agent forever! Any (professional) agent would want you to sign this agreement, and it shows that agent that you are serious and not wasting his/her time. The only reason you wouldn’t sign is if you never intend to use him to help you purchase a property.

Hope that answers some of your questions!

Investment Info:

Single-family residence buy & hold investment in Rancho Cordova.

New construction, single-family home

What made you interested in investing in this type of deal?

we were able to attain great financing in a high rent area.

How did you find this deal and how did you negotiate it?

The rent in that area is definitely above the 1% rule, so we started pricing homes, and it was cheaper to do new construction than it was to rehab an existing property.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

No rehab necessary. We wanted to buy now and hold with the expectations of property values climbing in the future.

What was the outcome?

We found a "so-so" property management company, and have a small cash flow. We expect to have a much larger cash flow in the next 5 years, or potentially sell.

Lessons learned? Challenges?

A great property manager is worth the extra money if you are investing out of the state!!!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I completed the work myself, and I wouldn't recommend the PM we are currently using.